zSpace secures $2M in debt financing from Itria Ventures at 18%-18.99%

zSpace, Inc.

Two term loans of $1M each from Itria Ventures, aggregate $2M (less fees).
First loan at 18.00% APR, 15-month term, 15 monthly payments of $74,944.36.
Second loan at 18.99% APR, 18-month term, 18 equal monthly payments.
Loans secured by second-priority lien on substantially all assets, subordinated to existing senior lender (3i, LP).
Prepayment after first month with 1.5% fee within first 12 months; proceeds for working capital.

item 1.01item 2.03item 9.01

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